Slide 1: Year-end Report January – December 2024
Year-end Report January – December 2024
Slide 2: Presentation of Addnode Group's Year-end Report
YEAR-END REPORT JANUARY - DECEMBER 2024 2025-01-31 Presentation of Addnode Group’s Johan Andersson Year-end Report President and Chief Executive Officer January – December johan.andersson@addnodegroup.com 2024 +46 70 420 58 31 Kristina Elfström Mackintosh Chief Financial Officer kristina.mackintosh@
Slide 3: Agenda
YEAR-END REPORT JANUARY - DECEMBER 2024 2025-01-31 Agenda 1. Addnode Group Interim Report 2. Q4 and Full year 2024 January – December 2024 3. Divisions 4. Financials 5. Investment case 3. Q&A 4. Appendix • Addnode Group in Brief and 5yr Key Figures • Sustainability Cases • Acquisitions 2022 – 2024 •
Slide 4: Q4 and Full year 2024
YEAR-END REPORT JANUARY - DECEMBER 2024 2025-01-31 4
Slide 5: Net Sales and EBITA
YEAR-END REPORT JANUARY - DECEMBER 2024 2025-01-31 Net Sales and EBITA 9,000 900 7,500 750 6,000 600 4,500 450 3,000 300 1,500 150 0 0 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 Net Sales (SEK m) EBITA (SEK m) 5
Slide 6: Net sales breakdown by geography and category
YEAR-END REPORT JANUARY - DECEMBER 2024 2025-01-31 Addnode Group Breakdown of net sales by geography Breakdown of net sales by category Q4 2024 Q4 2024 Other Other Licenses Germany 16% 1% 3% 13% Sweden 35% Services 34% Recurring revenue 62% USA UK 21% 15% 6
Slide 7: Highlights Q4 2024
YEAR-END REPORT JANUARY - DECEMBER 2024 2025-01-31 Highlights Q4 2024 Q4 Q4 2024 2023 Change Net sales, SEK m 1,484* 2,078 -29%* Gross profit, SEK m 1,123 1,010 11% Gross margin, % 75.7 48.6 EBITA, SEK m 248 196 27% EBITA margin, % 16.7 9.4 Earnings per share, SEK 0.98 0.80 23% Cash flow from operat
Slide 8: Highlights Full Year 2024
YEAR-END REPORT JANUARY - DECEMBER 2024 2025-01-31 Highlights Full Year 2024 Full year Full year 2024 2023 Change Net sales, SEK m 7,757* 7,412 5%* Gross profit, SEK m 4,198 3,703 13% Gross margin, % 54.1 50.0 EBITA, SEK m 863 640 35% EBITA margin, % 11.1 8.6 Earnings per share, SEK 3.02 2.09 44% Ca
Slide 9: Acquisition Timeline
YEAR-END REPORT JANUARY - DECEMBER 2024 2025-01-31 Acquistion Timeline 2004 2006 2008 2010 2012 2014 2016 2018 2020 2022 2024 Technia Centus IT-Energy Arkiva Cad Teknikk Alarmos 5D System- Cadassist UniZite Claytex Optimec Ida Infront Ravalik Athena Spatial EG konsult Landborgen Excitech Desys Consu
Slide 10: Acquisition in Q4'24
YEAR-END REPORT JANUARY - DECEMBER 2024 2025-01-31 Acquisition in Q4’24 • 18 employees and net sales of SEK 40 m. • Addresses the growing demand for efficient and automated BIM workflows by creating add-ins and tools on top of the Autodesk platform (Revit and Civil 3D). More than 40,000 user. • Cons
Slide 11: Acquisition in Q1'25
YEAR-END REPORT JANUARY - DECEMBER 2024 2025-01-31 Acquisition in Q1’25 • 22 employees and net sales of SEK 25 m. • Systems and applications for the defence industry. Customers such as the Swedish Armed Forces, FMV (The Swedish Defence Materiel Administration) and SAAB. • Already successful collabor
Slide 12: Divisions
YEAR-END REPORT JANUARY - DECEMBER 2024 2025-01-31 12
Slide 13: Share of Net Sales, Gross Profit and EBITA
YEAR-END REPORT JANUARY - DECEMBER 2024 2025-01-31 Addnode Group Share of Net Sales* Share of Gross Profit* Share of EBITA* Q4 2024 Q4 2024 Q4 2024 Process Process Process Management, Management Design Management, 23% 25% Management 26% 52% Design Management, 44% Product Design Product Lifecycle Man
Slide 14: Design Management
YEAR-END REPORT JANUARY - DECEMBER 2024 2025-01-31 Design Management Trend in net sales and EBITA 6,000 600 5,000 500 4,000 400 3,000 300 2,000 200 1,000 100 0 0 2020 2021 2022 2023 2024 Net Sales (SEK m) EBITA (SEK m) Q4 Q4 Full year 2024 2023 Change 2024 Net sales, SEK m 660 1246 -47%* 4,609 Gross
Slide 15: Product Lifecycle Management
YEAR-END REPORT JANUARY - DECEMBER 2024 2025-01-31 Product Lifecycle Management Trend in net sales and EBITA 2,000 200 1,500 150 1,000 100 500 50 0 0 2020 2021 2022 2023 2024 Net Sales (SEK m) EBITA (SEK m) Q4 Q4 Full year 2024 2023 Change 2024 Net sales, SEK m 492 499 -1%* 1,883 Gross profit, SEK m
Slide 16: Process Management
YEAR-END REPORT JANUARY - DECEMBER 2024 2025-01-31 Process Management Trend in net sales and EBITA 1,500 300 1,250 250 1,000 200 750 150 500 100 250 50 0 0 2020 2021 2022 2023 2024 Net Sales (SEK m) EBITA (SEK m) Q4 Q4 Full year 2024 2023 Change 2024 Net sales, SEK m 344 346 -1% 1,310 Gross profit,
Slide 17: Addnode Group Net sales 2024 Proforma
YEAR-END REPORT JANUARY - DECEMBER 2024 2025-01-31 Addnode Group Net sales 2024 Proforma 2 500 20.0% 2 000 16.0% 1 500 12.0% 1 000 8.0% 500 4.0% 0 0.0% Q1 2024 Q2 2024 Q3 2024 Q4 2024 Net sales (As reported), MSEK Net sales (Proforma), MSEK EBITA Margin (As reported), % EBITA Margin (Proforma), % Th
Slide 18: Key figures, proforma 2024
YEAR-END REPORT JANUARY - DECEMBER 2024 2025-01-31 Key figures, proforma 2024 Q1 Q2 Q3 Q4 FY As reported Proforma As reported Proforma As reported Proforma As reported Proforma As reported Proforma Net sales, SEKm 2 409 1 436 2 005 1 324 1 859 1 311 1 484 1 484 7 757 5 556 Design Management 1 624 66
Slide 19: Consolidated Cash Flow
YEAR-END REPORT JANUARY - DECEMBER 2024 2025-01-31 Consolidated Cash Flow Full Year Full Year SEKm Q4 2024 Q4 2023 Change 2024 2023 Change Operating profit 178 135 43 598 410 188 Adjustments for non-cash items 116 97 19 383 361 22 Other -50 -71 21 -230 -198 -32 Cash flow from operations before worki
Slide 20: Consolidated Financial Position
YEAR-END REPORT JANUARY - DECEMBER 2024 2025-01-31 Consolidated Financial Position SEKm 31-Dec-24 31-Dec-23 Change Intangible non-current assets 4,339 3,949 390 Other non-current assets 386 417 -31 Net working capital -524 -543 19 Total assets 4,201 3,823 378 Equity 2,458 2,116 342 Provisions, taxes
Slide 21: Addnode Group as an Investment
YEAR-END REPORT JANUARY - DECEMBER 2024 2025-01-31 Addnode Group as an Investment Sustainable Organic and Attractive Diversification digital solutions acquisition-led growth business model spreads risk 2020 - 2024 Full-year 2024 Full-year 2024 10 largest 9000 900 Other, 1% Licences, 2% customers, 6%
Slide 22: Questions & Answers
YEAR-END REPORT JANUARY - DECEMBER 2024 2025-01-31 Questions & Answers 22
Slide 23: Appendix
APPENDIX > ADDNODE GROUP
Slide 24: Who we are
YEAR-END REPORT JANUARY - DECEMBER 2024 2025-01-31 WHO WE ARE An add-on growth accelerator for companies providing technologies for a sustainable future. 24
Slide 25: Growth Through Sustainability
YEAR-END REPORT JANUARY - DECEMBER 2024 2025-01-31 Growth Through 1 Digital solutions that contribute to sustainable development Sustainability 2 Care for people and the planet in our own operations 3 The way we work with our partners and suppliers 4 Long-term financial viability 5 and governance Su
Slide 26: Key Financials
YEAR-END REPORT JANUARY - DECEMBER 2024 2025-01-31 Key Financials 2020 2021 2022 2023 2024 Net Sales, SEK bn 3.8 4.1 6.2 7.4 7.8 Net Sales growth, % 11% 7% 53% 19% 5% EBITA, SEK bn 0.4 0.5 0.7 0.6 0.9 EBITA, % 9.4% 11.3% 11.7% 8.6% 11.1% EBT, SEK bn 0.2 0.3 0.5 0.4 0.5 EBT growth, % 21% 35% 74% -27%
Slide 27: Severn Trent Water
YEAR-END REPORT JANUARY - DECEMBER 2024 2025-01-31 CASE STUDY DIVISION Design Management Severn Trent Water Digital Tools Drive Sustainability in NEED To meet its carbon neutrality target, Severn Trent Symetri creates and provides digital Water Management Water is investing £6 billion in infrastruct
Slide 28: Automation.Express
YEAR-END REPORT JANUARY - DECEMBER 2024 2025-01-31 CASE STUDY DIVISION Product Lifecycle Management Automation.Express Driving Efficiency in the Machinery NEED Automation.Express, which integrates design, Sector project management, and 3D modelling to deliver Technia, an Addnode Group company, is a
Slide 29: Swedish Environmental Protection Agency
YEAR-END REPORT JANUARY - DECEMBER 2024 2025-01-31 CASE STUDY Swedish Environmental Protection Agency DIVISION Process Management Boosting Sustainability Oversight NEED The Swedish Environmental Protection Agency with Digital Solutions required a more efficient and scalable system to Ida Infront dri
Slide 30: Acquisitions 2025 YTD
YEAR-END REPORT JANUARY - DECEMBER 2024 2025-01-31 Acquisitions 2025 YTD Congere Develops, innovates and improves systems and applications for the defence industry. Has customers such as the Swedish Armed Forces, FMV (The Swedish Defence Materiel Administration) and SAAB. Division Process Management
Slide 31: Acquisitions 2024
YEAR-END REPORT JANUARY - DECEMBER 2024 2025-01-31 Acquisitions 2024 Efficture Jetas Quality Systems Optimec GPS Timber Efficture develops and offers proprietary Jetas develops and offers proprietary Optimec delivers turnkey solutions Software for timberyard logistics and software for forest and tim
Slide 32: Acquisitions 2024 Cont.
YEAR-END REPORT JANUARY - DECEMBER 2024 2025-01-31 Acquisitions 2024 Cont. Addoceo Prime Aerostructures CTC Software Addoceo is a supplier of case A leading Dassault Systèmes Partner CTC Software addresses the growing management systems for transportation based in Vienna, Austria. Specialized in dem
Slide 33: Acquisitions 2023
YEAR-END REPORT JANUARY - DECEMBER 2024 2025-01-31 Acquisitions 2023 Fast2 Key Performance Team D3 Leading Swedish supplier of business Partner to Dassault Systèmes, operating One of the largest Autodesk partners in systems for real estate companies. Its in North America and Europe. Focused the US,
Slide 34: Acquisitions 2022
YEAR-END REPORT JANUARY - DECEMBER 2024 2025-01-31 Acquisitions 2022 Claytex Desys Microdesk Decisive Claytex specializes in advanced DESYS service offering is based Microdesk is a Platinum partner Rule-based decision management simulation and virtual testing, on Dassault Systèmes’ platform, to Auto
Slide 35: Acquisitions 2022, cont.
YEAR-END REPORT JANUARY - DECEMBER 2024 2025-01-31 Acquisitions 2022, cont. JBL JBL’s service offering is based on Dassault Systèmes’ platform, the team adds resources and competence within oil and gas, infrastructure and renewable energy. Division Product Lifecycle Management New employees 2 Annual
Slide 36: Shareholders
YEAR-END REPORT JANUARY - DECEMBER 2024 2025-01-31 Shareholders Managements shareholdings Owner Shares class A Shares class B Share capital, % Voting rights, % • Johan Andersson, CEO: 407,016 shares and 25,000 Staffan Hanstorp & Jonas 2 501 328 3 238 496 4.27% 16.61% call options for 40,000 B-shares
Slide 37: The Share
YEAR-END REPORT JANUARY - DECEMBER 2024 2025-01-31 The Share Volume 000's Addnode Group OMXSPI Indexerat • Average daily traded volume in Q4’24 was 140 3500 60,000 shares (down from 80,000 in Q3’24). 120 3000 • Highest daily volume during Q4’24 was on October 24th, where 263,000 shares were traded,
Slide 38: Year-end Report January – December 2024
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